The Monthly Employment report came in better than expected this morning, reinforcing what we saw out of the higher frequency weekly Initial Unemployment Claims reported yesterday. Again, this is an unprecedented time and the data is likely to be highly revised in the future but so far the trend of folks being too pessimistic on…
Read MoreTony is best known for the practical application of macro data. He will use his 30 years of experience to evaluate what data matters and how you can apply it to your investment process.
The Monthly Employment report came in better than expected this morning, reinforcing what we saw out of the higher frequency weekly Initial Unemployment Claims reported yesterday. Again, this is an…
Read MoreGrowing up, I always wanted to learn how to fly but never ended up taking a lesson. When my son made his first solo flight at age 16, I looked…
Read MoreFor gold level subscribers who would like to see the charts that Tony discussed on Tuesday’s conference call, they can all be found in the previous macro posts. The links…
Read MoreToday I took a couple minutes to highlight how the current action is what defines a consolidation period...a lot of volatility in both directions without much progress.
Read MoreIn the summer of 2009, I remember sitting in a Q2/09 post-EPS investor presentation by an industrial company just as the global economy was beginning to recover from the worst…
Read MoreThe current monetary and fiscal stimulus is historic, Real Liquidity is off the chart, the global economy is just beginning a synchronized recovery, and the U.S. Dollar Index (DXY) is…
Read MoreWhen we raised our 12-month S&P 500 (SPX) target to 3300+, we added the plus because we have no idea what the multiple should be with the Fed and global…
Read MoreToday I wanted to discuss what the "+" means in our S&P 500 (SPX) target and what drives rotation
Read MoreIn Consolidation confirmation, we looked at how the market typically acts following longer-duration breadth thrusts, which took place the first week of June. We found that when more than 90%…
Read MoreLast week when I got back from vacation, I made a brief video on the shape of recovery and market plan that should still hold true. Sorry for delay, but…
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Canaccord Genuity Sr. Managing Director / Macroeconomist / Chief Market Strategist
Tony Dwyer joined Canaccord Genuity following the acquisition of Collins Stewart in March 2012, and currently serves as the Head of U.S. Macro Group, Chief Market Strategist, and member of the Firm’s U.S. Operating Committee.
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